The diagram below shows the demand curve and marginal cost and marginal revenue curves for a new heart medication for which the pharmaceutical firm holds a 20-year patent on its production and sales. This protection gives the firm monopoly power for the 20 years of the patent.
FIGURE 10-9
Refer to Figure 10-9. Assume this pharmaceutical firm has no fixed costs and is practicing perfect price discrimination among its buyers. At its profit-maximizing level of output, it will generate a total profit represented by
◦ areas G + I.
◦ areas B + C + F + G + H + I.
◦ areas C + F + H.
◦ the area below the demand curve minus the area below the MC curve, up to Q
1.
◦ It is not possible to determine with the information provided.
Diagram of the Twenty Essential Amino Acids
Apoptosis Diagram
Typical Startup Cost Categories Cont.
Titration curve for the tetrapeptide Glu-Gly-Ala-Lys
Two Kinds of Forgetting Curves